The Disqualification Files

This section of the website looks in detail at everyone given a Director Ban or a Bankruptcy Restrictions Order for Bounce Back Loan related wrongdoing, along with full details of what each person did, and occasionally other wrongdoing that resulted in a defaulted BBL.

The Insolvency Service recently said: “We expect to see a reduction in Covid Scheme related outcomes during 25/26 as we work through the pool of Bounce Back Loan cases”.

They have also warned that a BBL must be repaid and if the money your company borrowed is not repaid; your company may be investigated by the Insolvency Service, even if it has been dissolved.

If we find there was misconduct in the use of the BBL, action may be taken against you and your company.

Types of misconduct can include, providing false information on loan application, the loan being used for personal benefit and/or dissolving your company to avoid repaying the loan

As a result of the misconduct your company could be wound up by the Court, you could be disqualified as a director, and a Court Order may be made for you to pay compensation.

For Failing to Register for VAT and When He Did Failing to Submit VAT Returns and Not Providing a Liquidator with Accounting Records to Explain Where a Bounce Back Loan Went, Another Company Director Gets a 6 Year Disqualification

May 12, 2023

Just a 6 year ban for the wrongdoing listed, which as you will see left the Liquidator scratching his head as to where another Santander BBL went. […]

Liquidator Left Unable to Determine All Aspects of a Company Liquidation Including Where a BBL Went as a Company Director Didn’t Supply Any Accounting Records, So That Director Is Given a 6 Year Ban

May 12, 2023

This is the story behind the 6 year ban just handed out to the Company Director named and for reference, the Bounce Back Loan involved was issued by Santander. […]

With No Evidence His Company Was Trading on March 1st, 2020, and Giving No Explanation How He Arrived at the Estimated Turnover Used to Get a BBL and Why He Transferred Funds from the BBL to Himself, a Director Gets an 11 Year Ban

May 12, 2023

This case relates to a £50k Barclays Bounce Back Loan and for the wrongdoing listed the Company Director is now starting an 11 year ban. […]

Having Arrived at a Turnover Figure Based on Verbal Agreements and Estimated Future Work When Not Permitted to Do So to Secure a Lloyds Bank BBL a Director is Given a 9 Year Disqualification

May 11, 2023

This is a typical tale of what happens if you take the liquidation route having made up a turnover figure when you applied for a BBL and transferred the money out of the business bank account and didn’t use it for the benefit of the business. […]

Having Admitted Her Company Had Never Traded and Making Up a Turnover Figure to Get a BBL, Transferring it to Herself, Making 3 BBL Repayments, then Getting the Company Dissolved a Director is Given an 11 Year Ban

May 11, 2023

The Company Director named in this case was lucky not to get locked up for what she did, as more and more people are now being taken to court. Who knows, she still may be. […]